The war drove away foreign companies and El Al's profits for the quarter doubled
El Al airline reported its second-quarter results, showing a 27% revenue increase to $986 million and a doubled net profit of $132 million amid record demand.
The airline El Al, controlled by the Rosenberg family, has summarized its second-quarter performance. The results were influenced by Operation "Lion's Roar," the closure of Israeli airspace, rising fuel prices, exchange rate fluctuations, and the slow return of foreign airlines, which left Israeli carriers with record demand.
El Al's revenues totaled $986 million, a 27% increase compared to the same quarter last year. This occurred in parallel with a doubling of net profit to $132 million. The bottom line was impacted by a $55 million loss attributed to the effects of "Lion's Roar." The EBITDAR totaled approximately $222 million, compared to about $179 million in the second quarter of 2025.
The supply of seats increased by approximately 9% thanks to the expansion of the company's fleet. El Al notes that this capacity is expected to grow further in the third quarter by a rate of 6% to 10%. The occupancy rate in the second quarter averaged 90%, reaching 94% in June, following the cancellation of flights by foreign airlines during and after the operation.
At the same time, the company recorded a record order backlog totaling approximately $1.4 billion—a 20% increase compared to the same period last year. Cash flow from current operations reached $359 million. As of the end of June, the company's liquid assets stood at $2.06 billion against a financial debt of $1.17 billion, resulting in a cash surplus of approximately $896 million. Meanwhile, the frequent flyer club continued to expand, reaching 3.7 million members, while the number of Fly Card credit card holders rose to 514,000.
